Best Practices: Techniques to Reduce Risk in Global Supply Chains
It should not come as a surprise to anyone that the world is a riskier place than it was just 15 years ago. A survey used to calculate the Allianz Risk Barometer recently concluded for the first time, that supply chain risk is now the top concern of global insurance providers. For most organizations, this new reality requires major adjustments, some of which will not be easy.
You don’t have to outrun the bear … you just have to outrun the other guy! Often in business, we only have to run a bit faster than our competitors, to be successful. The same is true in supply chain risk management. While we would always like to anticipate and prevent all supply chain related risks from happening, when they do occur, being faster, flexible, and more responsive than others, can make a world of difference.
While this presentation will outline how you can better react to supply chain disruptions, the presentation will also focus on how to prevent certain risks from happening in the first place (PROACTIVE RISK MGT!). The presenter will share a framework that will help you to:
- Reduce the costs associated with supply risks.
- Protect your company’s brand and reputation.
- Ensure positive financial outcomes.
Gregory will provide a sample end-to-end supply chain risk assessment “Heat Map”, that illustrates the seriousness of predicted supply chain risks. This presentation should be a “must-attend” session, because it summarizes this emerging discipline called supply chain risk management discipline, in a clear, concise manner, along with practical advice needed to develop actionable supply chain risk management strategies.